The wages distributed among 5 labours are 25, 40 ,30 ,60 and 75. What is the average wage?
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Using information from the fourth fiscal quarter of 2019, the BLS claims that in that quarter, the median income for a full-time wage or salary worker on a weekly basis was $936. For a 40-hour work week, this translates to a yearly income of approximately $48,672. This is a 4% increase on the previous year.
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